Form 4: Palantir Director's Spouse Sells Shares Under 10b5-1 Plan

Lauren Elaina Friedman Stat, a Palantir Technologies Inc. director, reports that her spouse sold 8,054 shares of Class A Common Stock at $50.49 per share under a pre-arranged 10b5-1 trading plan.

Summary

• On November 5, 2024, Lauren Elaina Friedman Stat, a director of Palantir Technologies Inc., reported a transaction involving Class A Common Stock.
• Her spouse sold 8,054 shares at a price of $50.49 per share.
• The sale was executed under a Rule 10b5-1 trading plan established on August 19, 2023.
• Following the transaction, Ms. Stat directly owns 62,939 shares and indirectly owns 130,250 shares through her spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine transaction under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales by insiders are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on inside information. The market typically views these sales in the context of the overall trading volume and the company's performance.

Stakeholder Impact

• The sale of shares by a director's spouse could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates